POLAND Cromwell granted €66m green loan for Janki

Under the terms of the loan, which was provided by the Polish branch of HSBC Continental Europe, Cromwell is required to report on a number of sustainability measures, including renewable energy usage, annual greenhouse gas emissions, and to ensure that in any given reporting year at least 50 pct of new leases include green clauses that cover scope 3 emissions – i.e. those that result from assets that are not directly under the control of the reporting party (as opposed to scope 1).

Cromwell’s Sustainable Finance Framework is a critical part of our pathway to achieving net-zero by 2045, making it possible to measure and account for scope 1, 2 and 3 emissions in our portfolio. This is an excellent example of cross-team collaboration at Cromwell, drawing on expertise from our in-house ESG, Treasury and CEE teams. We’ve added a new dimension to our strategy by proving that we can match debt funding needs with sustainability outcomes across Cromwell assets.
Lara Young, Cromwell Group’s head of ESG

Centrum Janki is one of seven retail assets in Cromwell’s Polish portfolio and is BREEAM In-use ‘Excellent’ certified.